VG has been around for a long time. It has a famous brand and has a good product. The only problem is the competition. By competition I don't mean MagicJack or skype. I mean package deals by companies like Comcast. I believe below $3 (actually at 2.85) is a great bargain for traders and investors with a little bit of patience. I believe something good might happen (like buyout) in 2011. If a buyout happens price target could be $9-$12. Maybe it won't hurt if you put some money on VG. Downside is very limited.
VG a stock with a great potential to upside
- Thread starter hajimow
- Start date
VG is a poor investment at this time over just being long the market, imo:
http://www.elitetrader.com/vb/showthread.php?s=&postid=3284515#post3284515
http://www.elitetrader.com/vb/showthread.php?s=&postid=3284515#post3284515
VG:
Buy signal if price 7.40% above last close.
Sell signal if price 7.40% below last close.
This strategy would have returned 253% over the last 12 months, if traded SAR (long and short), with drawdown of 28%, if my calculations are correct.
Reward/drawdown was about 7x better than for B&H using this strategy.
Not suggesting it would still be a good idea to trade this way, just saying what would have worked reasonably well.
Buy signal if price 7.40% above last close.
Sell signal if price 7.40% below last close.
This strategy would have returned 253% over the last 12 months, if traded SAR (long and short), with drawdown of 28%, if my calculations are correct.
Reward/drawdown was about 7x better than for B&H using this strategy.
Not suggesting it would still be a good idea to trade this way, just saying what would have worked reasonably well.